UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM
10-Q  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934  For the
period ended June 30, 2008  Commission File Number: 333-151312  IRON
HEAD MINING CORPORATION (Exact name of registrant as specified in its charter)  Nevada 26-2230717 (State
or other jurisdiction of incorporation or organization) (I.R.S.
Employer Identification No.)  2118
 102nd Crescent, North Battleford, Saskatchewan, Canada S9A
1J5 (Address
of principal executive offices) (Zip
Code)  1-800-609-0775 (Registrants telephone number, including area code)   (Former name, former address and former fiscal year, if changed
since last rpoert)  Indicate by check
mark whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.  [X]  Yes     [  ]  No  Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a small reporting company.  See the definitions
of large accelerated filer, accelerated filer and smaller reporting
company in Rule 12b-2 of the Exchange Act.  Large
accelerated filer
[
 ]
Accelerated
filer
[
 ]Non-accelerated
filer
[  ]
(Do not check if a smaller reporting
company)
Smaller
reporting company
[X]  Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act.)  [X]  Yes     [  ]
 No  Indicate the number
of shares outstanding of each of the issuers classes of common stock, as of the
latest practicable date: As of
July 28, 2008, there were 9,250,000 common shares issued and outstanding     PART I  FINANCIAL STATEMENTS  Item 1.
 Financial Statements         Iron
Head Mining Corporation  (An Exploration Stage Company)  Unaudited Condensed Financial Statements  For the period from April 27, 2007 (Inception) to June 30, 2008  2    Iron Head Mining Corporation  (An Exploration Stage Company)  Index to Unaudited Condensed Financial
Statements  For the period from April 27, 2007
(Inception) to June 30, 2008   Page(s)  Unaudited Financial Statements:  Condensed Balance Sheets as of
June 30, 2008 and December 31, 2007 3  Condensed Statements of Operations for the three and six
months ended June 30, 2008, the period from inception (April 27, 2007)
through June 30, 2007, and the period from inception (April 27, 2007) through
June 30, 2008 4  Condensed Statement of Changes in Stockholders Equity
(Deficit) for the period from
inception (April 27, 2007) through June 30, 2008 5  Condensed Statements of Cash Flows for the six months
ended June 30, 2008, the period from inception (April 27, 2007)
through June 30, 2007, and the period from inception
(April 27, 2007) through June 30, 2008 6  Notes to the Unaudited
Condensed Financial Statements 7-10  3    Iron Head
Mining Corporation (An Exploration Stage Company) Condensed Balance Sheets  June 30,


December 31,2008


2007(unaudited)ASSETSCurrent assets:Cash
$
3,371

$
-Stock subscriptions
receivable

-


9,250Total current assets

3,371


9,250Total assets
$
3,371

$
9,250LIABILITIES AND STOCKHOLDERS EQUITY
(DEFICIT)Current liabilities:Accounts payable
$
4,000

$
-Total current liabilities

4,000


-Stockholders Equity (Deficit)Common stock, par value $.001,
75,000,000 sharesauthorized, 9,250,000 shares
issued and outstanding

9,250


9,250Additional paid-in
capital

3,120


200Deficit accumulated during the
exploration stage

(12,999)


(200)Total stockholders equity (deficit)

(629)


9,250Total liabilities and stockholders equity
(deficit)
$
3,371

$
9,250   See accompanying notes to the unaudited condensed
financial statements.           4


Iron Head Mining Corporation (An Exploration Stage Company) Condensed Statements of
Operations (Unaudited)  Period From

Period FromThree Months

Six Months

Inception (April

Inception (AprilEnded

Ended

27, 2007) through

27, 2007) throughJune 30, 2008

June 30, 2008

June 30, 2007

June 30, 2008Revenues:
$
-

$
-

$
-

$
-Operating expenses:Mining exploration costs
-

2,500

-

2,500Selling, general and
administrative expenses
7,180

10,299

-

10,499Operating loss before income taxes
(7,180)

(12,799)

-

(12,999)Income tax expense (benefit)
-

-

-

-Net loss available to common shareholders
$
(7,180)

$
(12,799)

$
-

$
(12,999)Basic and diluted loss per common share
$
                        (.00)

$
                   (.00)

$
                  (.00)Weighted average common shares outstanding
9,250,000

9,250,000

4,335,938   See accompanying notes to the unaudited condensed
financial statements.         4     Iron Head Mining Corporation (An Exploration Stage Company) Statement of Changes in Stockholders
Equity (Deficit) For the period from April 27, 2007
(Inception) to June 30, 2008 (Unaudited)  DeficitAdditional


Accumulated


TotalCommon Shares


Paid-in


During the


StockholdersShares


Amount


in Capital


Exploration Stage


Equity (Deficit)Balance, April 27, 2007 (Inception)
-

$
-

$
-

$
-

$
-Common shares issued for cash at$.001 per share, May 31,
2007
9,250,000


9,250


-


-


9,250Loss during the period fromInception to December 31,
2007
-


-


-


(200)


(200)Contributed capital
-


-


200


-


200Balance, December 31, 2007
9,250,000


9,250


200


(200)


9,250Loss for the six monthsended June 30, 2008
-


-


-


(12,799)


(12,799)Waived mining costs
-


-


2,500


-


2,500Contributed capital
-


-


420


-


420Balance, June 30, 2008
9,250,000

$
9,250

$
3,120

$
(12,999)

$
(629)  See accompanying notes to the financial statements.    5


Iron Head
Mining Corporation (An Exploration Stage Company) Statements of Cash Flows (Unaudited)   From Inception


From InceptionFor the Six


(April 27, 2007)


(April 27, 2007)Months Ended


Through


ThroughJune 30, 2008


June 30, 2007


June 30, 2008Cash flows from operating activities:Net loss
$
(12,799)

$
-

$
(12,999)Adjustments to reconcile net
loss tonet cash used in
operating activities:Mining expenses waived

2,500


-


2,500Change in operating
liabilities:Increase in accounts
payable

4,000


-


4,000Net cash used in operating activities

(6,299)


-


(6,499)Cash flows from investing activities:Net cash provided by investing activities

-


-Cash flows from financing activities:Contributed capital

420

-



620Collection of subscriptions
receivable

9,250





9,250Net cash provided by financing activities

9,670


-


9,870Net increase in cash and cash equivalents

3,371


-


3,371Cash at beginning of period

-


-


-Cash at end of period
$
3,371

$
-

$
3,371Supplemental Cash Flow Information:Cash paid for interest
$
-

$
-

$
-Cash paid for income taxes
$
-

$
-

$
-Non-cash investing and financing activities:Shares issued for subscriptionsReceivable
$
-

$
9,250

$
9,250    See accompanying notes to the financial statements.


7


Iron Head
Mining Corporation (An Exploration Stage Company) Notes to the Condensed Financial
Statements June 30, 2008 (Unaudited)   1.  ORGANIZATION  The accompanying
unaudited financial statements of Iron Head Mining Corporation (the Company)
(formerly known as Adicus Energy Corporation) have been prepared in accordance
with accounting principles generally accepted in the United States of America
and the rules of the Securities and Exchange Commission ("SEC"), and should be
read in conjunction with the audited financial statements and notes thereto
contained in the Company's registation statement filed with the SEC on Form S-1.
In the opinion of management, all adjustments, consisting of normal recurring
adjustments, necessary for a fair presentation of financial position and the
results of operations for the periods presented have been reflected herein. The
results of operations for the periods presented are not necessarily indicative
of the results to be expected for the full year. Notes to the financial
statements which would substantially duplicate the disclosure contained in the
audited financial statements for the most recent fiscal year ended December 31,
2007 as reported in Form S-1, have been omitted.  The Company was
incorporated on April 27, 2007 in the State of Nevada.  The Companys
operations are primarily based in North Battleford, SK, Canada.  The
accounting and reporting policies of the Company conform to accounting
principles generally accepted in the United States of America.  The Company is an
exploration stage company that engages primarily in the acquisition,
exploration, and development of resource properties.  The Company has
obtained an option to acquire a 100 percent interest in a mineral claim located
in the Smithers Mining Region in the Province of British Columbia, Canada.
 The Company is currently conducting mineral exploration activities on the
mineral claim in order to assess whether it possesses commercially exploitable
reserves of silver, gold, lead or zinc.  To date, the Companys activities
have been limited to its formation, minimal operations, and the raising of
equity capital.  2.  SIGNIFICANT ACCOUNTING POLICIES  USE OF ESTIMATES  The preparation of the
Companys financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amount of revenues and expenses during the reporting
period.  Actual results could differ from those estimates.  The
Companys periodic filings with the Securities and Exchange Commission include,
where applicable, disclosures of estimates, assumptions, uncertainties, and
markets that could affect the financial statements and future operations of the
Company.  CASH AND CASH
EQUIVALENTS  Cash and cash
equivalents include cash in banks, money market funds, and certificates of term
deposits with maturities of less than three months from inception, which are
readily convertible to known amounts of cash and which, in the opinion of
management, are subject to an insignificant risk of loss in value.


8


Iron Head Mining
Corporation (An Exploration Stage Company) Notes to the Condensed Financial
Statements June 30, 2008 (Unaudited)  2.  SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)  MINERAL ACQUISITION
AND EXPLORATION COSTS  The Company has been in
the exploration stage since its formation on April 27, 2007 and has not yet
realized any revenue from its planned operations. It is primarily engaged in the
acquisition, exploration, and development of mining properties. Mineral property
acquisition and exploration costs are expensed as incurred.  When it has
been determined that a mineral property can be economically developed as a
result of establishing proven and probable reserves, the costs incurred to
develop such property are capitalized.  Such costs will be amortized using
the units-of-production method over the estimated life of the probable
reserves.  NET INCOME OR (LOSS)
PER SHARE OF COMMON STOCK  The Company has adopted
Financial Accounting Standards Board (FASB) Statement Number 128, Earnings
per Share, (EPS) which requires presentation of basic and diluted EPS on
the face of the income statement for all entities with complex capital
structures and requires a reconciliation of the numerator and denominator of the
basic EPS computation to the numerator and denominator of the diluted EPS
computation.  In the accompanying financial statements, basic earnings
(loss) per share is computed by dividing net income/loss by the weighted average
number of shares of common stock outstanding during the period.  The following table
sets forth the computation of basic and diluted earnings per share:  Period ofApril 27, 2007Three Months


Six Months


(Inception) toEnded June 30,
2008


June 30, 2007Net Loss
$
(7,180)

$
(12,799)

$
-Weighted average common sharesoutstanding (Basic)

9,250,000


9,250,000


4,335,938Options

-


-


-Warrants

-


-


-Weighted average common sharesoutstanding (Diluted)

9,250,000


9,250,000


4,335,938Net loss per share (Basic and
Diluted)
$
(0.00)

$
(0.00)

$
(0.00)  The Company has no
potentially dilutive securities, such as options or warrants, currently issued
and outstanding.  CONCENTRATIONS OF
CREDIT RISK  The Companys financial
instruments that are exposed to concentrations of credit risk primarily consist
of its cash and cash equivalents and related party payables it will likely incur
in the near future.  The Company places its cash and cash equivalents with
financial institutions of high credit worthiness.  At times, its cash and
cash equivalents with a particular financial institution may exceed any
applicable government insurance limits.  The Companys management plans to
assess the financial strength and credit worthiness of any parties to which it
extends funds, and as such, it believes that any associated credit risk
exposures are limited.


9


Iron Head
Mining Corporation (An Exploration Stage Company) Notes to the Condensed Financial
Statements June 30, 2008 (Unaudited)   2.  SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)  RECENT ACCOUNTING
PRONOUNCEMENTS  In December 2007, the
FASB issued Statement No.141 (revised 2007), Business Combinations
(FAS 141(R)) and No. 160, Noncontrolling Interests in Consolidated
Financial Statements (FAS 160). These standards aim to improve, simplify,
and converge internationally the accounting for business combinations and the
reporting of noncontrolling interests in consolidated financial statements. The
provisions of FAS 141 (R) and FAS 160 are effective for the fiscal year
beginning January 1, 2009.  We are currently evaluating the provisions of
FAS 141(R) and FAS 160.  In February 2007, the
FASB issued Statement No. 159, The Fair Value Option for Financial Assets
and Financial Liabilities - Including an amendment to FASB Statement No. 115.This statement permits companies to choose to measure many financial
instruments and other items at fair value. The objective is to improve financial
reporting by providing entities with the opportunity to mitigate volatility in
reported earnings caused by measuring related assets and liabilities differently
without having to apply complex hedge accounting provisions. This Statement is
expected to expand the use of fair value measurement of accounting for financial
instruments. This statement applies to all entities, including not for profit.
The fair value option established by this statement permits all entities to
measure eligible items at fair value at specified election dates. This statement
is effective as of the beginning of an entitys first fiscal year that begins
after November 15, 2007.  The Company is currently assessing the impact
adoption of SFAS No. 159 will have on its financial statements.  In
December 2007, the FASB issued Statement No. 160, Noncontrolling Interests
in Consolidated Financial Statements-an amendment of ARB No. 51.  The
objective of this statement is to improve the relevance, comparability, and
transparency of the financial information that a reporting entity provides in
its consolidated financial statements by establishing accounting and reporting
standards. This
statement is effective for fiscal years, and interim periods within those fiscal
years, beginning on or after December 15, 2008.  In March 2008, the FASB
issued Statement No. 161, Disclosures about Derivative Instruments and
Hedging Activities-an amendment of FASB Statement No. 133.  This
Statement requires enhanced disclosures about an entitys derivative and hedging
activities and thereby improves the transparency of financial reporting. This
Statement is effective for financial statements issued for fiscal years and
interim periods beginning after November 15, 2008.  In May 2008, the FASB
issued Statement No. 162, The Hierarchy of Generally Accepted Accounting
Principles.  This statement identifies the sources of accounting
principles and the framework for selecting the principles to be used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States (the GAAP hierarchy).  This statement is effective 60
days following the SECs approval of the Public Company Accounting Oversight
Board amendments to AU Section 411, the Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles.


10


Iron Head
Mining Corporation (An Exploration Stage Company) Notes to the Condensed Financial
Statements June 30, 2008 (Unaudited)   2.  SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)  RECENT ACCOUNTING
PRONOUNCEMENTS  In May 2008, the FASB
issued Statement No. 163Accounting for Financial Guarantee Insurance
Contractsan interpretation of FASB Statement No. 60.The premium
revenue recognition approach for a financial guarantee insurance contract links
premium revenue recognition to the amount of insurance protection and the period
in which it is provided. For purposes of this statement, the amount of insurance
protection provided is assumed to be a function of the insured principal amount
outstanding, since the premium received requires the insurance enterprise to
stand ready to protect holders of an insured financial obligation from loss due
to default over the period of the insured financial obligation.  This
Statement is effective for financial statements issued for fiscal years
beginning after December 15, 2008.  3.  GOING
CONCERN AND LIQUIDITY CONSIDERATIONS  The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern, which contemplates, among
other things, the realization of assets and satisfaction of liabilities in the
normal course of business.  As of June 30, 2008, the Company has negative
working capital of $629 and an accumulated deficit of $12,999.  The Company
intends to fund operations through equity financing arrangements, which may be
insufficient to fund its capital expenditures, working capital and other cash
requirements for the next twelve months.  The ability of the Company to emerge from the exploration stage is
dependent upon, among other things, obtaining additional financing to continue
operations, explore and develop the mineral properties and the discovery,
development and sale of mineral reserves.  In
response to these problems, management intends to raise additional funds through
public or private placement offerings.  These factors, among others, raise substantial doubt about the
Companys ability to continue as a going concern.  The accompanying
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.


11


Item
2.  Managements Discussion and Analysis of Financial Condition and Results
of Operations  We are in the
business of mineral exploration.  We have obtained an option to acquire a
100% interest in a mineral claim located in the Smithers Mining Region in the
Province of British Columbia, Canada (the Keoni1 Claim).  Our objective
is to conduct mineral exploration activities on the mineral claim in order to
assess whether it possesses commercially exploitable reserves of silver, gold,
copper or zinc.  Our plan is to carry out an exploration program on the
mineral claim in order to make an assessment of the commercial potential of this
mineral claim.  Iron Head Mining
Corporation is a Nevada corporation originally incorporated as Adicus Energy
Corp. on April 27, 2007.  We changed our name on October 16, 2007, to Iron
Head Mining Corporation.  Our business plan is
to proceed with the exploration of the Keoni1 Claim to determine if it contains
commercially exploitable reserves of silver, gold, lead or zinc.  We have
decided to proceed with Phase I of the exploration program, as detailed below.
 We will assess whether to proceed to Phase II of the recommended
geological work program upon completion of an assessment of the results of Phase
I of the geological work program.  We anticipate that
Phase I of the recommended geological work program will cost approximately
$2,000.  We had approximately $3,371 in cash reserves as of June 30, 2008.
 Phase I of the program has been delayed, due to extreme weather conditions
in the area, and will commence mid to late summer, 2008.  While the Company
has sufficient cash on hand to commence with Phase I, the Company anticipates
the need for additional financing either through loans or the sale of additional
securities of the Company.  Mr. Waters, our sole officer and director, has
verbally agreed not to take any fees for services as an officer and director of
the Company until the completion of Phase II, reducing the total working capital
required during Phase I and Phase II.  In consideration of these facts, we
anticipate having sufficient funds to complete Phase I of the geological work
program.  We believe that our
cash reserves will not be sufficient to meet our obligations for the next twelve
month period, including legal and accounting expense to comply with our
obligations, under the Securities Exchange Act of 1934 (Exchange Act), as a
reporting issuer.  These expenses will be in addition to the cost of
completing Phase I of the exploration program.   In order to proceed
with Phase I and complete our filing requirements under the Exchange Act, we
will need to secure additional funding, either through loans, equity, or a
combination of both.  We do not have any arrangements in place for future
financing.  We will require
additional funding in the event that we decide to proceed with Phase II of the
exploration program.  The anticipated cost of the Phase II exploration
program is $15,000 which is in excess of our projected cash reserves remaining
upon completion of Phase I of the exploration program.  We anticipate that
additional funding will be in the form of equity financing from the sale of
additional shares of our common stock.  We do not have any arrangements in
place for any future equity financing.


12


We
will require additional funding in the event that we decide to proceed with
Phase III of the exploration program.  The anticipated cost of the Phase
III exploration program is $75,000.  We anticipate that additional funding
will be in the form of equity financing from the sale of our common stock.
 We do not have any arrangements in place for any future equity
financing.  If we do not make the
required exploration expenditures, as per the Option Agreement on the claim, of
$2,000 by September 30, 2008, or $25,000 in aggregate by September 1, 2009, or
the Option payments of $2,500 by October 30, 2008, or $50,000 in aggregate by
September 1, 2009, then our Option will terminate and we will lose all our
rights and interest in the Keoni1 Claim. If we do not secure additional
financing to incur the required exploration expenditures, we may consider
bringing in a joint venture partner to provide the required funding.  We
have not undertaken any efforts to locate a joint venture partner.  We may
also pursue acquiring interests in alternate mineral properties in the
future.  Geological Report
and Recommended Work Program  We have obtained a
geological property evaluation report on the Silver Vista property, which is
adjacent to the Keoni1 claim.  We feel a
three-phased exploration program is required, each phase subject to results of
the preceding phase.  The program consists of reconnaissance of the
property to determine location and condition of underground workings, check
geological samples, compile data, perform surface and underground mapping, and
do sampling and prospecting followed by diamond drilling.  The following
outlines the phases and estimated costs of this recommended work program:  PHASE I - -------  Reconnaissance
including location and condition of workings and check sampling
          $  2,000  PHASE II - --------  1. Data
compilation and preparation of composite map $
 2,000 2. Surface
geological mapping, prospecting, sampling $
 2,000 3. Underground
geological mapping and sampling  $
 1,000 4. Transportation,
truck, rental, gas, supplies $
 3,000 5. Accommodation,
meals, etc. $
 1,000 6. Engineering,
supervision, reports $
 3,000  ----------  Contingency $
 3,000  ----------


13


TOTAL
PHASE II $
15,000  ======  PHASE III - ---------  Phase III work is
dependent upon results of Phase II, but would likely consist of
diamond drilling.  Preliminary
Allowance, 3,000 feet at $25/ft $
75,000  -----------  TOTAL
PHASE III $
75,000  ======  TOTAL
(EST.) COST ALL PHASES $
92,000  ======  The report also
advises that additional work could be designed following the above phases.  Item 3.
 Quantitative and Qualitative Disclosures About Market Risk  Not applicable.  Item 4(T).
 Controls and Procedures  Evaluation of
Disclosure Controls and Procedures  Our Chief Executive
Officer and Chief Financial Officer conducted an evaluation of the effectiveness
of the design and operation of the Company's disclosure controls and procedures,
as defined in Rules 13a-15(e) and Rule 15d-15(e) under the Exchange Act. Based
upon his evaluation as of June 30, 2008 he concluded that those disclosure
controls and procedures are effective.  Internal Control over
Financial Reporting  There have been no
changes in the Company's internal control over financial reporting during the
quarter ended June 30, 2008, that have materially affected, or are reasonably
likely to affect, the Company's internal control over financial reporting.  Management's Report
on Internal Control over Financial Reporting  Iron Heads
management is responsible for establishing and maintaining adequate internal
control over financial reporting as defined in Rule 13a-15(f) under the Exchange
Act. Our internal control over financial reporting is a process designed to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for


14


external
purposes in accordance with accounting principles generally accepted in the
United States of America. Because of its inherent limitations, internal control
over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may
deteriorate.  We have assessed the
effectiveness of the Company's internal control over financial reporting as of
the quarter end dated June 30, 2008. In making the assessment, we used the
criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) in "Internal Control-Integrated Framework." Based on that
assessment, we have concluded that, as of quarter ended June 30, 2008, our
internal control over financial reporting is effective based on those
criteria. PART
II  OTHER INFORMATION  Item 6.
 Exhibits  The following
exhibits are incorporated into this Form 10-Q Quarterly Report:  Exhibit
No.
Description3.1
Articles of
Incorporation [1]3.2
By-Laws[2]31.1
Certification
of Chief Executive Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the
Securities Exchange Act of 193432.1
Certification
of Chief Executive Officer under Section 1350 as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002 [1]
 Incorporated by reference from the Company's S-1 filed with the Commission
on May 30, 2008. [2]
 Incorporated by reference from the Company's S-1 filed with the Commission
on May 30, 2008.  SIGNATURES  Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.  IRON
HEAD MINING CORPORATION  /s/
Ken Waters Ken
Waters, President, Chief Financial Officer/Controller, Director


15